Morgan Stanley Raises NVIDIA Corporation (NVDA)’s Stock Price Target to $170, Maintains Overweight Rating
On Thursday, Morgan Stanley lifted NVIDIA Corporation (NASDAQ:NVDA)’s stock price target to $170 from $160, while maintaining an Overweight rating for its shares.
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The firm’s analyst expressed optimism about the company’s outlook, which stems from several factors. The risks associated with NVIDIA Corporation (NASDAQ:NVDA)’s shipments to China appear to have been mitigated. Customers’ feedback indicates robust demand for the company’s new technologies, leaving room for further growth in demand.
Morgan Stanley’s…
